As of my last update, Palm Beach County, Florida, has been experiencing a strong real estate market, with increasing demand and prices. Here are some key statistics:
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- Median Home Prices: The median home price in Palm Beach County is around $400,000 to $500,000, but this can vary depending on the specific area and type of property.
- Inventory Levels: Inventory levels have been relatively low, leading to increased competition among buyers and rising prices.
- Sales Volume: Despite the pandemic, sales volume has remained steady, indicating sustained demand in the market.
- Days on Market: Homes in Palm Beach County tend to sell quickly, with an average of around 30 to 60 days on the market.
- Appreciation Rates: The appreciation rates in Palm Beach County have been strong, with home values increasing steadily over the past few years.
- Market Trends: There has been a shift towards more remote work, which has increased the demand for homes with home office spaces and outdoor amenities.